Courses @ UNIRAZAK

Business and Economics

Credit

3

Level of Study

Bachelor Degree

Synopsis

Insurance exists in a complex economic, legal and social environment. It plays a critical role in the economic system and provides the necessary products/ services to assist individual for protection and savings and serves the organizational needs for protection and risk management. The interactions of the insurance business drivers determine insurers’ performance. To ensure the sustainability and progress of insurance / reinsurance operations it is imperative that economic, consumer needs and protection issues , regulations , supervisory , governance , IT , finance, accounting and risk issues be understood and appropriate internal framework and systems are in place.

Learning Outcomes

  • Explain the economic environment of insurance, the issues of globalization and regionalization of the insurance and and their impact on in insurance situations.
  • Identify how macroeconomic conditions and polices such as monetary and fiscal policies and their impact on insurance industry.
  • Adhere consumer protection, the regulatory and supervisory aspects on insurance operations.
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